CPI Hungary has sold its V188 office building and an adjacent development land (V190), both located on Budapest’s Váci corridor, to a Hungarian investment group. CPI Hungary plans to use the funds for increasing the value of its current portfolio and to implement new green investments.
The name of the new owner has not been disclosed. However, it was revealed that advisory firm Eston International has been appointed exclusive leasing agent and property manager for V188. The new owner intends to spend several million euros on the modernisation of the building. Besides the renovation of the façade and the common areas, the building will undergo mechanical restoration and a new conference room will also be added to V188.
